Everything Rally Sends Brazil, Mexico Stocks to All-Time High
- Latin America equity gauge on track for best year since 2016
- Strategists see room for Brazil gains on attractive valuations
The entrance to the stock market building in Sao Paulo, Brazil.
Photographer: Ernesto Benavides/AFP/Getty ImagesThis article is for subscribers only.
Brazilian and Mexican stocks closed at record highs on Thursday, part of a global rally in risky assets fueled by some of the clearest signs yet that the Federal Reserve’s hiking cycle is over.
The rallies in Latin America’s two largest equity markets put a gauge of the region’s stocks on track to deliver its biggest annual gain since 2016, according to data compiled by Bloomberg.